Cleveland - OH vs Providence - RI: 2026 Housing Comparison

What this means for buyers

Providence - RI is roughly 109% more expensive than Cleveland - OH in typical home value.

Cleveland vs Providence: what the numbers say

At today's 7.24% average 30-year rate with 20% down, the typical home would cost about $1,363 a month in principal and interest in Cleveland and $2,847 in Providence, a gap of $1,484 a month.

Typical rent runs $1,440 in Cleveland and $2,166 in Providence, so the mortgage payment alone is 0.9 times rent in Cleveland and 1.3 times rent in Providence, before taxes and insurance.

Home prices are 14.5 years of rent in Cleveland and 20.1 in Providence; the lower ratio in Cleveland means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +8.4% in Cleveland and +5.8% in Providence; over just the last three months the change was +1.0% in Cleveland and +1.0% in Providence.

Homes sell for 100.1% of list price in Cleveland and 101.1% in Providence, after 13 and 14 days on the market, with price cuts on 26% and 25% of listings. The signs are mixed: Cleveland has more price cuts and sales further below list, while Providence has longer time on the market.

The number of homes for sale is up 16% on a year ago in Cleveland and up 9% on a year ago in Providence.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-29), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.